Civil and Project journal

Providing a model for risk management in international contracts

https://doi.org/10.22034/cpj.2024.479007.1321
Volume 6, Issue 11 - Serial Number 69
January 2025
Pages 43-60
Civil and Project journal

Document Type : Research Article

Author

Shiva Jabari

Master's degree in project and construction management, Pars University of Art and Architecture, Tehran, Iran Member of Kermanshah Engineering System Organization

Abstract
According to the studies conducted in this field, if you do not have enough knowledge and understanding in the field of risk management in international contracts, risk management can become one of the most challenging parts of project implementation. Risk management is done in five steps: risk identification, risk assessment, risk strategies and monitoring and review. Therefore, it is expected that if by studying, knowing and predicting the risks of a project, they can be identified to a large extent, and even before the start of the project, at the time of signing the contract, these risks will be examined from different aspects, so that if they occur For each of the risks, the parties to the contract who have a better penalty than responding to the risk should accept responsibility, and in this way, the risks of the project can be minimized, and since the scope of responsibility of the parties in international contracts is clear, the division of risks in case of occurrence and accountability will also be more transparent. to have By examining various commercial contracts in the international field, the main aspects of risks have been identified, which include: financial, political risks, domestic and international laws related to international contracts, Incoterms, and currency fluctuations and sanctions.

Keywords

: risk management
contract
commercial contract
international
Subjects
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  • Receive Date 17 September 2024
  • Revise Date 20 October 2024
  • Accept Date 22 October 2024
  • First Publish Date 22 October 2024
  • Publish Date 20 January 2025

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